Additional $300 million would be granted for UNC institutions as well as $300 million for community college facility needs

Raleigh, N.C. – Following his nomination for a third term as Speaker of the North Carolina House of Representatives this week, Speaker Tim Moore (R-Cleveland) said he would file legislation and travel the state in 2019 to support the legislature’s second public education bond in three years.

A new $1.9 billion public school bond should be approved by the state General Assembly in the 2019 legislative session and be considered by voters in a 2020 ballot referendum, Moore said, vowing to travel North Carolina in support of new school capital investments.

Moore proposed $1.3 billion be provided to K-12 school construction needs, $300 million in capital funding to UNC system institutions, and another $300 million for facility needs in North Carolina’s community colleges.

“Education is what matters most to families and businesses – to the private and public sectors alike – and North Carolina is poised to build on historic commitments to our schools with another long-term investment in capital construction for our rapidly growing student population,” Moore said.

“Our state’s explosive growth over the past decade brings opportunities and challenges for our school systems. The state General Assembly must continue to meet those needs with investments in our future.”

State Superintendent Mark Johnson offered support for the proposal:

“As State Superintendent, I know first-hand the needs in our communities for school improvements,” Johnson said. “Together, we have launched innovative programs that use lottery funds to build new schools in our rural counties as well as public-private partnerships to build new schools.”

“I am excited about giving voters the option to approve more funding to support school infrastructure across our state.”

North Carolina is in a strong fiscal position with unanimous AAA credit ratings, consistent revenue surpluses and a strong record of savings.

Moore said that grants to K-12 school systems from a second public education bond should be weighted by counties’ low-wealth status, total population, average school enrollment and enrollment growth.

Grants to K-12 schools should prioritize counties that have limited ability to generate tax revenue, carry high debt-to-tax ratios, and have critical school construction needs, Moore said, similar to the state’s new Needs-Based Public School Capital Fund.

“Education spending is moving in the right direction as we spend billions more on schools annually than just a few years ago,” Moore said, “while lottery funds are finally prioritized to communities that need them most under North Carolina’s new Needs-Based Public School Capital Fund.”

Grants for smaller counties with economic challenges should not require a local match, Moore said, while larger school systems should provide matching funds.

Counties that recently approved local school district bonds should be permitted to allocate funds from a new statewide education bond to cover financing fees and costs from those prior commitments, Moore said.

“North Carolina’s education communities can continue to reap the rewards of smart investments that put schools first with forward-thinking commitments to K-12 classrooms and institutions of higher learning,” Moore said.

A focus on workforce training should drive bond grants for community colleges and universities, Moore said, including workforce development IT infrastructure, capital facilities for career and technical educations with a STEM focus, and renovation and modernization needs targeted to meet local workforce demand.

“The critical skills and certifications our workforce needs for the high-paying jobs of today are being taught in North Carolina community colleges and universities that are the economic engine of our state’s growth,” Moore said.

“Remaining the best state for business requires that we continue to offer cutting-edge education opportunities for everyone in North Carolina.”

Building on Historic Commitments to Education in North Carolina

The state General Assembly has passed five consecutive teacher pay raises – including every year of Speaker Moore’s tenure – investing the third largest salary increases in the nation since 2013-14 according to the left-leaning National Education Association.

Over 44,000 teachers in the state – nearly half of the total workforce – have received at least a $10,000 raise since 2014. Starting teacher pay in the state is now $35,000, while average teacher pay has surpassed $50,000.

The North Carolina General Assembly also approved additional pay raises for principals, assistant principals, and other state employees who work in education administration.

In 2016, North Carolina voters approved the $2 billion ConnectNC bond to build 21 new science, technology, engineering and math (STEM) facilities on UNC campuses. The ConnectNC cash flow will accelerate to more than $40 million per month in capital funds for the new buildings in 2019.

The state legislature also provided tens of millions of dollars in hurricane relief aid in 2018 to school systems affected by Hurricanes Florence. The 2018 state budget directed an additional $700 million more to public education over the next two years.